There is information and rumor about that Lawyers take more money from settlements than they give their clients.
Some seem to think that big awards for clients means big awards for Lawyers. Some even go as far as to think that the Lawyer takes the majority of the settlements, leaving close to nothing for the client.
Is this true?
Generally, this is just flat out false. Civil justice attorneys rarely charge an hourly fee like other attorneys. Instead, they work on a “contingency fee” or percentage basis. This means if they win, generally they get a percentage of the damages awarded to the client.
This contingency fee system allows every American, no matter how poor they may be, an opportunity to asserts their rights in a court of law with experienced, competent legal representation. We live in a society of laws and civility. In is crucial to maintain a lawful society that we have a means of enforcing the laws, and that we have a means of holding accountable those persons and companies who cause harm. If this did not exist, would anyone take responsibility to pay for their harms? Really?
The answer is N-O.
Contrary to belief, lawsuits do not make anyone rich. And contrary to rumor, good, experienced attorneys never make more fees in a case than they give their clients.
If your attorney wants more, move on. If he/she cannot promise you an equal share at the end of a case, look elsewhere.